Price Reduced – Distress Deal: 1 Bedroom in Sobha Verde, JLT, Dubai

1BR | 876 Sqft | Floors 9–14 | Jumeirah Islands Views | AED 1,660,000

This is a verified price-reduced distress listing for a 1-bedroom apartment on floors 9–14 of Sobha Verde by Sobha Realty, located in Jumeirah Lake Towers (JLT), Dubai, United Arab Emirates. The seller’s total acquisition cost — original purchase price plus the 4% DLD fee paid at Oqood — was AED 1,939,304. The unit was first listed at AED 1,740,000 and has now been reduced to AED 1,660,000, representing a direct saving of AED 279,304 — 14.4% below the seller’s all-in entry cost. At 876 sq ft with floor-to-ceiling windows, a balcony with Jumeirah Islands views, an enclosed kitchen with high-quality appliances, and handover expected in 2027, this is a clear opportunity to acquire a premium Sobha-branded apartment in a flagship JLT tower at a below-cost price from a motivated, price-cutting seller.

Property Highlights

• Project: Sobha Verde (Verde by Sobha)
• Developer: Sobha Realty (co-developed with DMCC)
• Unit Type: 1 Bedroom Apartment
• Size: 876 sq ft
• Floors: 9–14 (exact floor available on request)
• View: Jumeirah Islands and Emirates Hills community views
• Balcony: Yes — all Sobha Verde units include a balcony
• Kitchen: Enclosed kitchen with high-quality fitted appliances
• Additional Features: Laundry room, built-in wardrobes, floor-to-ceiling windows
• Parking: 1 covered parking space
• Handover: 2027 (Q2 2027 per Property Finder)
• Seller’s Total Entry Cost (OP + DLD): AED 1,939,304
• Previous Asking Price: AED 1,740,000
• New Distress Price: AED 1,660,000
• Saving vs OP+DLD: AED 279,304 (14.4%)
• Price Reduction from Previous Listing: AED 80,000 (from AED 1,740,000)
• Ownership: Freehold — available to all nationalities
• Status: Off-Plan | In Progress

About Sobha Verde

Sobha Verde is the first residential development by Sobha Realty within Jumeirah Lake Towers (JLT) — and it is co-developed with DMCC, the authority governing the JLT freezone. This is a significant credential: Sobha Verde is one of very few towers in JLT developed with the direct involvement of DMCC, placing it in a category of enhanced infrastructure and regulatory backing. The tower rises 66 storeys opposite Cluster H in JLT, making it one of the tallest residential buildings in the district and one of the most recognisable additions to the JLT skyline. The building houses 1, 2, and 3-bedroom apartments (including 1.5, 2.5, and 3.5-bedroom configurations with study rooms) with approximately 10 units per floor. Sobha applies its trademark fully integrated development model — controlling design, materials, and construction in-house — delivering consistently high-specification finishes across all unit types. Floor-to-ceiling windows, enclosed kitchens with high-quality appliances, and Sobha’s signature use of premium materials define the interior standard throughout.

Community and Lifestyle

• Located opposite Cluster H in JLT — a mature, vibrant mixed-use district in Dubai’s western corridor with its own lakes, promenades, and dining scene
• DMCC Metro Station (Red Line) within a 5-minute drive or short walk — one of JLT’s defining connectivity advantages
• Jumeirah Lake Towers Tram Stop within walking distance — connecting to Dubai Marina and JBR
• Sheikh Zayed Road (E11) directly accessible — approximately 3 minutes from the tower
• Dubai Marina within 5–10 minutes by car; Palm Jumeirah within 8–10 minutes
• JLT’s lakeside promenades, park areas, and extensive F&B scene available at ground level
• Emirates Golf Course and Jumeirah Islands directly visible from the building — a rare outlook combining manicured greenery with waterfront estate views
• Ideal for young professionals, couples, and investors seeking the best yield-to-quality ratio in the western Dubai residential corridor

Amenities

• Level 65 (Rooftop): Infinity edge pool with panoramic Dubai views, Jacuzzi, outdoor lounge, meeting room with pantry
• Level 8 (Dedicated Amenity Floor): Swimming pool, kids’ pool, kids’ play area, BBQ area and lounge, sauna and steam room
• Yoga studio and outdoor gym
• Indoor gymnasium with changing rooms
• Relaxation and meditation facilities
• Ground-floor retail shops and F&B outlets
• Multipurpose halls and community spaces
• 24-hour security and CCTV
• 24-hour concierge services
• Covered parking
• High-speed elevators with 24-hour maintenance

Layout and Floor Plan

Sobha Verde’s 1-bedroom apartments span 771–1,144 sq ft across different stacks. This unit is 876 sq ft on floors 9–14. The standard Sobha Verde 1BR layout includes a bedroom with built-in wardrobes, a bathroom, an open-plan living and dining area, an enclosed kitchen with high-quality fitted appliances, a laundry room, and a balcony. Floor-to-ceiling windows maximise natural light and frame the Jumeirah Islands and Emirates Hills outlook. The specific floor, exact stack position, and view orientation for this unit are available on request quoting reference SVERDE-JLT-1BR-876-001.

Payment and Handover

Sobha Verde’s original payment plan is 80/20: 20% down payment on booking, 60% during construction in staged installments, and 20% on handover in 2027. This is an off-plan SPA assignment. The buyer assumes the seller’s existing payment obligations per the original schedule. A 4% DLD Oqood transfer fee applies on assignment — approximately AED 66,400 on the distress price of AED 1,660,000. A trustee office fee of approximately AED 4,200 also applies. Buyer agency fee is typically 2% (~AED 33,200). The full breakdown of paid versus outstanding installments is available on request.

Location and Connectivity

• DMCC Metro Station (Red Line): approximately 5 minutes by car or 10–12 minutes on foot — one of JLT’s strongest investment attributes
• Jumeirah Lake Towers Tram Stop: walking distance — connecting to Dubai Marina and JBR tram network
• Sheikh Zayed Road (E11): approximately 3 minutes by car
• Dubai Marina: approximately 5–8 minutes by car
• Palm Jumeirah: approximately 8–10 minutes by car
• JBR / The Walk: approximately 10 minutes by car
• Dubai Internet City / Media City: approximately 10 minutes by car
• Downtown Dubai / Burj Khalifa: approximately 20–25 minutes by car
• Dubai Mall: approximately 20 minutes by car
• DIFC: approximately 20 minutes by car
• Dubai International Airport (DXB): approximately 30 minutes by car
• Al Maktoum International Airport (DWC): approximately 30 minutes by car
• Dubai Marina Mall / Ibn Battuta Mall: within 10–15 minutes by car

Why Invest in Sobha Verde, JLT

• 14.4% below OP+DLD: AED 279,304 saving versus the seller’s all-in entry cost — immediate equity on day one
• Price already reduced once: The seller has cut from AED 1,740,000 to AED 1,660,000 — a motivated seller with demonstrated willingness to transact below cost
• Sobha’s first JLT tower — co-developed with DMCC: Verde is Sobha’s flagship entry into one of Dubai’s most liquid secondary markets, co-developed with the DMCC authority — a unique institutional credential
• JLT rental yields: 1-bedroom apartments in JLT consistently deliver gross rental yields of 7%–8% per year — among the highest in mature Dubai communities. At the distress price of AED 1,660,000, potential rental income of AED 100,000–130,000 per year implies a gross yield of approximately 6.0%–7.8%
• DMCC Metro access: Direct metro connectivity on the Red Line is JLT’s single most important rental demand driver — keeping occupancy and achievable rents above the Dubai average
• Rooftop infinity pool at level 65: The amenity programme — particularly the level 65 rooftop infinity pool with panoramic Dubai views — is a meaningful differentiator in the JLT market, supporting both end-user appeal and short-stay premiums
• Sobha quality premium: Sobha’s integrated construction model consistently produces better-than-average post-handover quality, lower snagging rates, and stronger secondary market premiums versus peer developers
• Golden Visa eligible: Purchase above AED 2M qualifies for UAE 10-year Golden Visa — at AED 1,660,000, a 2-year property investor visa is available
• Freehold ownership: Open to all nationalities with 100% ownership rights

Frequently Asked Questions (FAQs)